American Electric Power announced that it has entered into an agreement with Icahn Capital L.P. and certain of its affiliates, under which Hunter C. Gary, senior managing director at Icahn Enterprises L.P., and Henry ("Hank") P. Linginfelter, retired executive vice president of Southern Company Gas, will join AEP's Board of Directors, effective February 12, 2024. With the additions of Gary and Linginfelter, the Board will temporarily increase to 14 directors, 13 of whom are independent. Gary and Linginfelter will stand for election at AEP's 2024 Annual Meeting of Shareholders as part of the company's recommended slate of director nominees, following which the Board will once again be comprised of 12 directors.

Gary's appointment is subject to certain regulatory approvals, and he will have voting rights on the Board after those approvals are received.